Can I retire at age 45 with 931,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $931,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$76,881$76,196$75,528$74,876$74,239$71,834
2 years$38,060$37,351$36,664$35,998$35,352$32,951
3 years$25,121$24,409$23,724$23,064$22,429$20,108
4 years$18,653$17,943$17,265$16,617$15,996$13,773
5 years$14,773$14,068$13,398$12,763$12,160$10,041
6 years$12,188$11,487$10,828$10,207$9,622$7,608
7 years$10,341$9,647$8,998$8,392$7,825$5,916
8 years$8,957$8,269$7,631$7,039$6,492$4,687
9 years$7,882$7,200$6,573$5,996$5,467$3,764
10 years$7,021$6,346$5,730$5,169$4,658$3,054
11 years$6,318$5,650$5,045$4,498$4,006$2,498
12 years$5,732$5,071$4,477$3,946$3,472$2,056
13 years$5,237$4,583$4,000$3,483$3,027$1,701
14 years$4,813$4,166$3,594$3,092$2,654$1,414
15 years$4,446$3,805$3,245$2,758$2,337$1,178
16 years$4,125$3,491$2,942$2,469$2,065$985
17 years$3,842$3,215$2,677$2,219$1,831$825
18 years$3,591$2,971$2,444$1,999$1,628$692
19 years$3,366$2,754$2,237$1,807$1,451$582
20 years$3,164$2,559$2,053$1,636$1,296$490
21 years$2,982$2,383$1,889$1,485$1,160$413
22 years$2,816$2,225$1,741$1,350$1,040$348
23 years$2,665$2,081$1,607$1,230$933$294
24 years$2,527$1,950$1,486$1,121$839$248
25 years$2,400$1,830$1,377$1,024$755$210
26 years$2,283$1,720$1,277$936$680$177
27 years$2,175$1,618$1,186$857$613$150
28 years$2,075$1,525$1,102$785$553$127
29 years$1,982$1,439$1,026$720$499$107
30 years$1,895$1,359$955$661$451$91
31 years$1,814$1,284$891$607$408$77
32 years$1,738$1,215$831$558$369$65
33 years$1,667$1,151$776$513$334$55
34 years$1,601$1,091$725$472$302$47
35 years$1,538$1,035$678$435$274$40
36 years$1,479$982$634$400$248$33
37 years$1,423$933$593$369$225$28
38 years$1,370$886$556$340$204$24
39 years$1,320$843$521$313$185$20
40 years$1,273$802$488$289$168$17
41 years$1,228$763$458$267$152$15
42 years$1,185$727$429$246$138$12
43 years$1,145$693$403$227$125$10
44 years$1,106$660$378$210$114$9
45 years$1,069$630$355$194$103$8
46 years$1,034$601$333$179$94$6
47 years$1,001$573$313$165$85$5
48 years$969$547$294$153$77$5
49 years$938$522$277$141$70$4
50 years$909$499$260$130$64$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $931,000, adding $5,137 every year, while hoping to spend $44,068 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 41/32/27 Blend
44$931,000$931,000$931,000$931,000
45$1,031,261$981,918$967,487$1,065,174
46$1,089,561$983,144$953,010$1,091,360
47$1,152,332$982,953$936,571$1,115,168
48$1,219,981$981,229$918,058$1,140,090
49$1,292,959$977,849$897,353$1,166,255
50$1,371,760$972,683$874,333$1,193,809
51$1,456,927$965,591$848,870$1,222,915
52$1,549,055$956,428$820,830$1,253,755
53$1,648,802$945,036$790,071$1,286,533
54$1,756,888$931,251$756,446$1,321,481
55$1,874,106$914,897$719,802$1,358,853
56$2,001,328$895,790$679,978$1,398,938
57$2,139,512$873,732$636,806$1,442,055
58$2,289,713$848,517$590,111$1,488,563
59$2,453,092$819,922$539,708$1,538,860
60$2,630,925$787,716$485,406$1,593,392
61$2,824,618$751,652$427,005$1,652,655
62$3,035,715$711,469$364,295$1,717,202
63$3,265,918$666,891$297,059$1,787,648
64$3,517,099$617,627$225,069$1,864,678
65$3,791,320$563,367$148,085$1,949,052
66$4,090,848$503,786$65,860$2,041,618
67$4,418,183$438,539$0$2,143,315
68$4,776,072$367,262$0$2,261,495
69$5,167,544$289,571$0$2,411,669
70$5,595,932$205,059$0$2,576,214
71$6,064,907$113,296$0$2,756,643
72$6,578,510$13,830$0$2,954,628
73$7,141,192$0$0$3,172,021
74$7,757,856$0$0$3,443,902
75$8,433,900$0$0$3,747,423
76$9,175,269$0$0$4,080,398
77$9,988,513$0$0$4,445,785
78$10,880,846$0$0$4,846,841
79$11,860,211$0$0$5,287,154
80$12,935,362$0$0$5,770,675
81$14,115,938$0$0$6,301,759
82$15,412,560$0$0$6,885,202
83$16,836,927$0$0$7,526,286
84$18,401,926$0$0$8,230,833
85$20,121,755$0$0$9,005,255
86$22,012,056$0$0$9,856,617
87$24,090,061$0$0$10,792,702
88$26,374,755$0$0$11,822,085
89$28,887,054$0$0$12,954,214
90$31,650,003$0$0$14,199,497
91$34,688,992$0$0$15,569,404
92$38,031,994$0$0$17,076,570
93$41,709,832$0$0$18,734,918
94$45,756,464$0$0$20,559,790
95$50,209,307$0$0$22,568,086
96$55,109,590$0$0$24,778,430
97$60,502,738$0$0$27,211,345
98$66,438,803$0$0$29,889,441
99$72,972,939$0$0$32,837,632
100$80,165,914$0$0$36,083,373